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Mar 4, 2013
03/13
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switzerland, country known for secret bank accounts, giving shareholders and executives pay an last week eu put limit or banker's bonuses. is there a war on money in europe? michelle? >> oh, yeah. for years and now this is just a standing way that europeans look at things. they do not want to reward those who do well. and i think they will pay for it in the end. they will see the people go to other parts of the world. asia is growing like crazy. >> money moves. money moves. >> yes. >> in the u.s. and europe, when these things happen, what it is is a way to give different constituencies. >> so the ordinary stock holders gets kicked 06. they say, we will let you raise your pay if we raise our pay. >> tax bills for the rich at 30-year high it appears on average. top 20% of wage earns paid 27% in federal taxes on average and top 1% pay more than 35%. are we overtaxing the rich, michelle? >> absolutely. i think the spread is too wide. bottom 20% don't pay any federal taxes whatsoever. and i'm sympathetic, absolutely, to the poor. but with a larger and larger percentage of those that don't pay ta
switzerland, country known for secret bank accounts, giving shareholders and executives pay an last week eu put limit or banker's bonuses. is there a war on money in europe? michelle? >> oh, yeah. for years and now this is just a standing way that europeans look at things. they do not want to reward those who do well. and i think they will pay for it in the end. they will see the people go to other parts of the world. asia is growing like crazy. >> money moves. money moves. >>...
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Mar 25, 2013
03/13
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members or less eu members? >> eu or euro? >> let's go euro members. >> i think oddly there might be a couple more. some of the more hard car or still keen to get into some club. but without any huge confidence i would harbor guess a couple of these guys might. if not they will be very close. >> so no one is going to leave. >> i want to go back to all the money that should be rushing out of the banks. >> you mean in cyprus? >> no. if you're corporate, money in french bank, italian bank, a bank in portugal. do you say, okay, let's rethink what we're doing here? >> you're going to have to. as it happens i personally have a small investment just a year ago in a greek-based online insurance company business. and they have luckily only a sphal part of cash. so they're getting whacked on it. having listened to these guys when i saw them last week they're certainly going to be thinking about these kind of issues. and any corporate with business exposure all around europe is going to be having -- your audit committee wo
members or less eu members? >> eu or euro? >> let's go euro members. >> i think oddly there might be a couple more. some of the more hard car or still keen to get into some club. but without any huge confidence i would harbor guess a couple of these guys might. if not they will be very close. >> so no one is going to leave. >> i want to go back to all the money that should be rushing out of the banks. >> you mean in cyprus? >> no. if you're corporate,...
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Mar 21, 2013
03/13
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the eu it's not a big deal for. for cyprus, in the future, they need to come up with a new way to propel the economy because they're not necessarily going to do it st way they had been doing it to this point? >> that's right. in any case, cyprus is going to have to restructure the economy. cyprus's banking system reaches close to 1,000% of its economy. the eu has already announced that it dmandz demands cyprus return that economy to 20% of gdp, talking about reducing it by two-thirds. that's going to happen in any case. right now, the question is, how quickly can you solve this problem? if you do it with restructuring of the bank, which is quite simple and that can be done in a couple of days, you reduce the government's financing demand requirement down to approximately 5 billion euros. because then all your financing are the government deficits. >> adam, thank you so much. >> my pleasure. >> becky, you highlight a really good point. what is very clear from this government and also from the people on the ground tha
the eu it's not a big deal for. for cyprus, in the future, they need to come up with a new way to propel the economy because they're not necessarily going to do it st way they had been doing it to this point? >> that's right. in any case, cyprus is going to have to restructure the economy. cyprus's banking system reaches close to 1,000% of its economy. the eu has already announced that it dmandz demands cyprus return that economy to 20% of gdp, talking about reducing it by two-thirds....
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May 8, 2013
05/13
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they have that settlement with the eu. at least the offer that might end up becoming the settlement about the natural search versus their paid search. and they're back advertising in china. they're running ads in china. they'll get paid for it. >> the ad rev growth is slowing. the margins are starting to compress. they really have no presence and haven't made any efforts to get a presence in china. so there's a lot of things i could say are very positive for go google. the fact that, scott, this stock has taken off. i love it. it is off to the races. it's again up $12 today. >> why fight the momentum? >> i agree with you. i'm not somebody who likes to fight the momentum. when you look at this as a valuation play, we heard earlier talking about the housing market, i think google's a little bit in front of itself right now. >> the only thing i worry about on the bear case is they do have the issue is do they own that content on youtube. that's always been an issue for me. but if they're able to monetize it, take $1.99 a mont
they have that settlement with the eu. at least the offer that might end up becoming the settlement about the natural search versus their paid search. and they're back advertising in china. they're running ads in china. they'll get paid for it. >> the ad rev growth is slowing. the margins are starting to compress. they really have no presence and haven't made any efforts to get a presence in china. so there's a lot of things i could say are very positive for go google. the fact that,...
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Dec 2, 2013
12/13
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eu. i love his yelled to me. what does he hold the bacon tries to separate traffic at the festival of lights with music and dancing and the traditional candlelight and seventy the anime he wants his coat when he is an attempt to boost the image of the ninety it was sent to the temple of jerusalem. when i can tell even though it's dark because going to find. stephen and listening to god than we know i guess. we can't do things by the feds when it is. if god to do things outside of the maker of a kind of guy and that's when we owe them the moves on the i. the he is intent on tms which runs the gall to strip has announced the cancellation of the new rally marking its founding as it has been deemed inappropriate to celebrate the start of increasing economic hardship this marks the first line the islamist militant group has canceled the festivities since it seized power six years ago. this decision illustrates help of the coaster colony has been hits since egyptian president and the mossy was ousted in the two nd july
eu. i love his yelled to me. what does he hold the bacon tries to separate traffic at the festival of lights with music and dancing and the traditional candlelight and seventy the anime he wants his coat when he is an attempt to boost the image of the ninety it was sent to the temple of jerusalem. when i can tell even though it's dark because going to find. stephen and listening to god than we know i guess. we can't do things by the feds when it is. if god to do things outside of the maker of a...
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May 14, 2013
05/13
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if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past year he wouldn't have necessarily done that. >> are you tying this back to your story again, talking about dan loeb? >> dan loeb. >> he broke a big story last night with dan loeb. >> did you mention too big to fail? >> definitely not the movie. he could have a cameo in the new paper back. we're updating that and it will be available on -- no. >> do you feel like you missed some of the move over there recently? >> no. i'll tell you what when i first warned about greece it was january 13th january 13th, 2010. we've never seen that level again. i'm talking much more with investors, insurance companies, money managers b
if it pulls out of the eu. he has threatened he would remove that churchill bust on the white house. >> that's not going to hold -- >> he already did that. i'm sorry. >> when did this all happen? we've been talking about this for a long time. there hasn't been a tipping point. dan loeb who made a small fortune buying up greek bonds. frankly, had he listened to a lot of the conversation over the past year he wouldn't have necessarily done that. >> are you tying this back...
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Feb 18, 2013
02/13
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most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
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Mar 18, 2013
03/13
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how do they get into the eu? >> i mean, the reason they got into the eu in the first place was politics. it wasn't economics. it wasn't about the financial system. pit was politics. the statement reason greece got in. at the time there was a political will to have these countries in the euro area. and therefore in some way or another you decided to overlook some details. >> you said to some extent this is delaware and a bit of miami. what do you mean? >> what i mean by that is we have to remember cyprus is not just a sort of money laundering destination. it relies overwhelmingly on its very low tax rate. cyprus has a tax rate of 10%. it means it is tax optimization structures from russian businesses. they may or may not be money laundering but there is certainly tax opt mization. if you look at how delaware and parts of miami operate, kind of the same thing. >> there were fears we would see bank runs in italy and spain because people would wake up there and say, wow, if i'm in a weak bank and below the insurance
how do they get into the eu? >> i mean, the reason they got into the eu in the first place was politics. it wasn't economics. it wasn't about the financial system. pit was politics. the statement reason greece got in. at the time there was a political will to have these countries in the euro area. and therefore in some way or another you decided to overlook some details. >> you said to some extent this is delaware and a bit of miami. what do you mean? >> what i mean by that is...
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Sep 7, 2013
09/13
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he took a beating from the eu, clearly said you must wait for a u.n. resolution. at home 64% are opposed and when it came down to it today president hollande took the opportunity to step back. >> we are now going to wait for the decision of the congress of the american senate, the chamber of the representatives and then the report by the inspectors and once we have looked at these elements i will make a decision. >> so make a decision again, waiting to see what congress does and waiting to see what the inspector's report says. it's two to three weeks joie before that report will be ready. >> so the president does face a more immediate concern which is looking to next week. there is the expectation that at least a first vote might be taken on one of the resolution proposals one of the drafts out there now. >> we think that the senate votes on wednesday. president obama will speak to the nation on tuesday night. we think from the oval office, thinking the speech will be of considerable note, he hasn't used that forum too much. and then the vote will be a little bit
he took a beating from the eu, clearly said you must wait for a u.n. resolution. at home 64% are opposed and when it came down to it today president hollande took the opportunity to step back. >> we are now going to wait for the decision of the congress of the american senate, the chamber of the representatives and then the report by the inspectors and once we have looked at these elements i will make a decision. >> so make a decision again, waiting to see what congress does and...
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Oct 5, 2013
10/13
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. >> kind of hard to talk to the former mayor and on the eu of the mayor's race, to not get his thoughts on the current state of life in new york. i want to thank the mayor for taking all those questions about life in new york and i want to celebrate and ank him for coming on to talk about his book thomas beating about the stuff we wanted to know about years after being the mayor of the city of new york. a gorgeous mosaic that he said over a over again. new york city is a gorgeous mosaic and indeed, it is. we are honored to have the chance to see you serve. thanks for coming on the program again. >> thank you, buddy. ands: thanks for watching as always, keep the faith. >> for more information on today's show, visit tavis smiley at pbs.org. tavis: hi, i'm tavis smiley. join me next time for a conversation with award-winning journalist eric schlosser about command and control, nuclear safety. we will see you then. captioned by the national captioning institute --www.ncicap.org-- >> and by contributions to your pbs station from viewers like you. thank you. >> be more. pbs. >> be more. pbs.
. >> kind of hard to talk to the former mayor and on the eu of the mayor's race, to not get his thoughts on the current state of life in new york. i want to thank the mayor for taking all those questions about life in new york and i want to celebrate and ank him for coming on to talk about his book thomas beating about the stuff we wanted to know about years after being the mayor of the city of new york. a gorgeous mosaic that he said over a over again. new york city is a gorgeous mosaic...
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Sep 9, 2013
09/13
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eu foreign ministers are urging caution. they say attacks should not take place before u.n. inspectors release their report on the use of chemical weapons in syria. some eu officials are supporting kerry's push for a military strike in retaliation. >> the international community cannot remain idle. a clear and strong response is crucial to make clear that such crimes are unacceptable and that there can be no impunity. >> eu ministers released a statement saying intelligence indicates the syrian government is responsible for the attacks, but the ministers backed french president's call for them to wait for the release of the u.n. report. >>> u.s. president barack obama has made an appeal to the american people. he laid out his reasoning for a strike in his weekly national address. >> this is not a decision i made lightly. deciding to use military force is the most solemn decision we can make as a nation. >> obama said a failure to act against syria would pose a serious threat to u.s. security. he said chemical weapons are not only inhumane, they can also fall into the hands o
eu foreign ministers are urging caution. they say attacks should not take place before u.n. inspectors release their report on the use of chemical weapons in syria. some eu officials are supporting kerry's push for a military strike in retaliation. >> the international community cannot remain idle. a clear and strong response is crucial to make clear that such crimes are unacceptable and that there can be no impunity. >> eu ministers released a statement saying intelligence...
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Sep 4, 2013
09/13
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paradine and a cultural shift in the department was needed. 30 years after the inman report the bengha stk*eu found that my ear the the u.s. embassy in beirut nor u.s. diplomatic facilitys in high threat areas meet standards. >> that, to me is appalling. if you were ever at a place where you are putting people who are representing us in that country have risks it's beirut. >> reporter: it's the restructuring of the state department does not take place. the lives of more u.s. diplomates will be at risk. al jazeera, washington. >>> a blackout leaves most of venezuela in the dark. why some people sa sabotage is leading today kwros. >>> thousands oh of wal-mart workers across the country are doing the same but demanding what the nation's private employer. >>> the 16-year-old girl shot by the taliban after campaigning for girls rights to an education is speaking out about the fight against terrorism. the non- violent weapon she says can be used to defeat it. >>> the venezuelan government is claiming sabotage after they were left without power. venezuela's debt thety minister said several transit l
paradine and a cultural shift in the department was needed. 30 years after the inman report the bengha stk*eu found that my ear the the u.s. embassy in beirut nor u.s. diplomatic facilitys in high threat areas meet standards. >> that, to me is appalling. if you were ever at a place where you are putting people who are representing us in that country have risks it's beirut. >> reporter: it's the restructuring of the state department does not take place. the lives of more u.s....
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Sep 12, 2013
09/13
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one year after the attack that killed four americans in benghaz a*eu cabenghazi a car bomb expld this morning. no group has claimed responsibility. >>> secretary of state john kerry will meet a foreign minister in geneva in a matter of hours. they will talk about a resolution to strip syria of its chemical weapons. they are at odds to serve military action in syria if they don't comply. >> a moment of silence was held for 12 12th of anniversary of the 9/11 attacks. the president was on hand and didn't talk about the syria but said the military force is not an end of itself. >> reporter: since the president's prime address it is the calm after the storm. it's been a day of solemn ceremony in washington even as a quiet hush fell over the capitol. ♪ >> reporter: from pennsylvania to the pentagon. today the nation paused as it had every september 11th for the last 12 years to remember. in new york the names of the fallen were read. one young woman had a plea for president. >> three were taken from the us and we love them and miss them very much. and president obama please do not bring u
one year after the attack that killed four americans in benghaz a*eu cabenghazi a car bomb expld this morning. no group has claimed responsibility. >>> secretary of state john kerry will meet a foreign minister in geneva in a matter of hours. they will talk about a resolution to strip syria of its chemical weapons. they are at odds to serve military action in syria if they don't comply. >> a moment of silence was held for 12 12th of anniversary of the 9/11 attacks. the president...
SFGTV: San Francisco Government Television
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May 20, 2013
05/13
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SFGTV
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you don't want to be too /hrepbl /th*eu with it, but certainly have a well arctic /hraeupted /pweutdz [inaudible] >> if you'd like to re/spopbld to the question ports america -- how you see this marketing effort.
you don't want to be too /hrepbl /th*eu with it, but certainly have a well arctic /hraeupted /pweutdz [inaudible] >> if you'd like to re/spopbld to the question ports america -- how you see this marketing effort.
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Nov 8, 2013
11/13
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and if the eu decides that fracking is going to exceed emissions, they could stop it. what is the issue? >> if you look at the united states, the epa came out with a study just this year that said over the last five years, that the united states is methane from natural gas has decreased by 20% when the natural gas production has increased by 40%. we're capturing more methane, capturing more emissions and increasing our production by 40% at the same time. so a mafs increase in production and a big decrease in methane. that, again, i think is an excuse that should not hold us back. >> you talk about ng security. the british government is now finally building a nuclear plant down in somerset. what is the right mix, do you think? what percentage should come from renewables and -- well, i think you hit the nail on the head. it is an energy mix. i'm not sheer to say fracking is the holy grail or replacing types of energy reform. i think whatever is left with coal will be a piece of it. renewables will be a small piece and i'm thinking natural gas should be the biggest becaus
and if the eu decides that fracking is going to exceed emissions, they could stop it. what is the issue? >> if you look at the united states, the epa came out with a study just this year that said over the last five years, that the united states is methane from natural gas has decreased by 20% when the natural gas production has increased by 40%. we're capturing more methane, capturing more emissions and increasing our production by 40% at the same time. so a mafs increase in production...
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Jul 4, 2013
07/13
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they wanted to lay that big eu trade deal. is this a serious threat? >> the president suggested the talks should be delayed for two weeks because of this, what seems to be happening is the european union nations decided to continue with the trade talks. also, at the same time, parallel to the talks, initiate talks about the alleged spying of european union embassies in the u.s. and brussels. the talks will run in parallel. it appears to be how the trade talks get under way. europe took this seriously. there have been a number of discussions about whether or not the trade talks should continue because of this. you cannot underestimate the impact this has had. >> the u.s. president is trying to smooth relations, he spoke with angela merkel by phone. what was said during that conversation? >> yeah, they talked specifically about the allegations president obama assuring angela merkel, according to the white house, they are taking their concerns seriously and reiterates that washington was willing to discuss the issue and to sort of straighten out what had
they wanted to lay that big eu trade deal. is this a serious threat? >> the president suggested the talks should be delayed for two weeks because of this, what seems to be happening is the european union nations decided to continue with the trade talks. also, at the same time, parallel to the talks, initiate talks about the alleged spying of european union embassies in the u.s. and brussels. the talks will run in parallel. it appears to be how the trade talks get under way. europe took...
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Nov 8, 2013
11/13
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now, we had a volatile eu euro/dollar session, as well. yesterday it was down to 1.3295. we saw that s&p downgrade put more pressure on it this morning. but ahead of the jobs report, we've got back up to 1.3426. but you've got to remember just two weeks ago, we were at a two-year high for euro/dollar at 1.3833. so down to to below 1.33. quite a big move in a short period of time. the volatility in this ross rate in particular set to continue. that's where we stand right now. back to you. >> thank you, ross. appreciate that. we are now going to get back to lincoln center in the middle of new york city where becky is with ron barren this morning. good morning, beck. >> good morning, andrew. joining us this morning is ron barron, the chairman and ceo of barron capital. he's the fund manager of the four star barron growth fund. ron, it is a pleasure to be here this morning. thank you for having us here. >> thank you for inviting me. >> we love coming to this conference. we love checking in with you. and over the last four or five years, i was trying to go back and set the dat
now, we had a volatile eu euro/dollar session, as well. yesterday it was down to 1.3295. we saw that s&p downgrade put more pressure on it this morning. but ahead of the jobs report, we've got back up to 1.3426. but you've got to remember just two weeks ago, we were at a two-year high for euro/dollar at 1.3833. so down to to below 1.33. quite a big move in a short period of time. the volatility in this ross rate in particular set to continue. that's where we stand right now. back to you....
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Feb 28, 2013
02/13
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that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these things, the u.s. watches that very closely. what do you think of their policy? >> yes, of course, we do watch it. but i think it's much overblown to speak of the currency war, something like that. what we observe is that the japanese central bank, the japanese government, wants to avoid the deflationary development, which i think makes a lot of sense. so i'm not too much concerned about that. >> so it's not a beggar thy neighbor policy at this point with the central banks around the globe? >> no. if it really leads to higher growth, that is the intention to have, then it's not beggar thy neighbor, then it's
that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these...
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Oct 25, 2013
10/13
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spying on their allies. >> well, most eu countries implicated. i'm leading the european parliament inquiry on the weekend, i'm aware that my country is subject to many of these allegations, but most of the big countries, france, germany, and so on are implicated in this, so this is a very wide-ranging set of allegations being produce and communicated by the guardian and the "new york times." and really the way to look at this is to understand this is an unprecedented set of whistleblowering allegations which should make us think. because you have allegations of the nsa infiltrating, you know, commercial companies of -- of, you know, untils of ordinary citizens having their communications listened to. people may think this is acceptable. some do. but increasingly there is a feeling that this is disproportion at it, and it just didn't -- just can't be just about security. although security and the fight against terrorism -- >> i want to bring the discussion back to the current allegations and spying on 35 world leaders. now the european union no do
spying on their allies. >> well, most eu countries implicated. i'm leading the european parliament inquiry on the weekend, i'm aware that my country is subject to many of these allegations, but most of the big countries, france, germany, and so on are implicated in this, so this is a very wide-ranging set of allegations being produce and communicated by the guardian and the "new york times." and really the way to look at this is to understand this is an unprecedented set of...
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Oct 25, 2013
10/13
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. >>> and another crisis on the eu's agenda. as hundreds of migrants are rescued, eu laders promise action but not yet snfl >> they have abused our hospitality and kindness to plan attacks from the safety of the refugee camps. >> kenyan's government wants the somalian refugees to go home. >> and i'll be reporting on the first presidential election in madagascar since the coup four years ago. ♪ >>> hello, european leaders have issued a unanimous statement expressing deep concern about the united states spy program. they warn that undermining trust between the governments could harm the fight against terrorism. the phone records of millions of people in france hacked by the u.s. security agency. here is tim friends report from the europe you know summit in brussels. >> reporter:eu leaders head for home this weekend, all of them more nervous of using their mobile phones. they issued a strong final unanimous statement expressing deep concern about u.s. surveillance activities and saying that breach of trust could jeopardize future
. >>> and another crisis on the eu's agenda. as hundreds of migrants are rescued, eu laders promise action but not yet snfl >> they have abused our hospitality and kindness to plan attacks from the safety of the refugee camps. >> kenyan's government wants the somalian refugees to go home. >> and i'll be reporting on the first presidential election in madagascar since the coup four years ago. ♪ >>> hello, european leaders have issued a unanimous statement...
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Jul 1, 2013
07/13
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of view that feed into a common eu position. i would hesitate to say, not only does the united states try to make sense of those 28 position, now they feed into something larger, i strongly suspect the europeans are looking at each other saying, okay, if we have an issue on the table. >> of course the europeans don't have to spy on us. we have people leaking all of our secrets, but, p.j., let's talk about how the obama administration handled snowden. the president saying he wouldn't scramble jets over a 29-year-old. it's created problems with russia, it's created problems with china. what your take with the obama administration, how they have done and what they need to do. >> let's dissect that, interestingly enough the chinese moved snowden out of hong kong, expressly because they did not want him to be him the poster child of the u.s.-china relationship. now, putin is stuck with him. has become another face in a political and flexion complex relationship. it's an unfortunate situation. at the end of the day, you don't want to
of view that feed into a common eu position. i would hesitate to say, not only does the united states try to make sense of those 28 position, now they feed into something larger, i strongly suspect the europeans are looking at each other saying, okay, if we have an issue on the table. >> of course the europeans don't have to spy on us. we have people leaking all of our secrets, but, p.j., let's talk about how the obama administration handled snowden. the president saying he wouldn't...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
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Sep 20, 2013
09/13
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. >>> the eu and singapore have reached a final trade pact. under its term, singapore will open up its public procurement and many eu product standards nearly all singaporean goods will be dropped. if approved by eu members in parliament, the deal could be in place by late next year. >> markets in china and taiwan are closed today for the mid autumn festival. this is a 2 1/2 ton moon cake. it's expected to be the world's largest and that's an awful lot of lotus seed paste and egg yokes, which is apparently what they make a moon cake with. typhoon may disrupt markets on monday if it stays on course. greater china south korean markets affect that, as well. but then it will be japan's turn to have a day off. >>> and for you gadget freaks, the wait is finally over. the new iphone is being released today. in tokyo, apple fans will be the first to receive it. even typhoon conditions didn't stop them from getting in line. eunice is in beijing today as the new models hit the shelf there. >> i'm in beijing. we are outside the largest apple stores in as
. >>> the eu and singapore have reached a final trade pact. under its term, singapore will open up its public procurement and many eu product standards nearly all singaporean goods will be dropped. if approved by eu members in parliament, the deal could be in place by late next year. >> markets in china and taiwan are closed today for the mid autumn festival. this is a 2 1/2 ton moon cake. it's expected to be the world's largest and that's an awful lot of lotus seed paste and egg...
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Mar 22, 2013
03/13
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it's an issue for cypress and the eu. i thought that was quite extraordinary given the stance they made earlier in the week about wanting to be involved. i think their bluff has been called certainly. and what i think was really the key, it was not that the russians had anything to help in a meaningful way but i wanted to be included in debates. as we all know the russian interests in cyprus are absolutely enormous. >> steve, thank you. sounds like a big game of chicken. we'll watch how things play out into monday. by the way, it is friday. it's time to talk the friday trade. oil and currencies. kevin kerr is president of kerr trading financial. and brown brothers hair man. mark, have you been surprised? >> i'm surprised just by the euro's resilience. people were thinking there could be a run on european banks which hasn't taken place. a loss of confidence. but it has been trading in fairly tight trading ranges. it has been resilient this week. italy still without a tpo government. >> how do you position yourself? >> mond
it's an issue for cypress and the eu. i thought that was quite extraordinary given the stance they made earlier in the week about wanting to be involved. i think their bluff has been called certainly. and what i think was really the key, it was not that the russians had anything to help in a meaningful way but i wanted to be included in debates. as we all know the russian interests in cyprus are absolutely enormous. >> steve, thank you. sounds like a big game of chicken. we'll watch how...
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Mar 19, 2013
03/13
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the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of course, because no single party has a clear majority in parliament, not even the ruling party under president anasatias. the ruling party says it may not want to vote with the proposal and it's coming out with an alternative proposal. we spoke to one of the members on "squawk box" just half an hour ago.
the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid...
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Nov 27, 2013
11/13
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so a more protectionist block dominating the eu would be counterproductive to that. also, it's the second biggest contributor to the uk budget. >> and i think germany's biggest trading partner, as well, period. i think total goods traded. nina, good to see you. thanks for joining us. angela merkel will be holding a news conference on that coalition about 50 minutes from now. european viewers will get to see the start of that speech. >>> some of the other stories we're following today, cox communications is reportedly considering whether to jump into the bidding for time warner cable. cox is the third biggest u.s. cable provider, just ahead of charter, which was the first company to begin twc earlier this year. last week, david faber reported that comcast was contemplate ago bid. cox and time warner cable stock -- time warner cable stock, first of all, up nearly 4% in frankfurt. >>> several private equity firms are reportedly mulling a buyout of compuware. a deal could be reached by early january, although the situation is being described as fluid. compuware stock not
so a more protectionist block dominating the eu would be counterproductive to that. also, it's the second biggest contributor to the uk budget. >> and i think germany's biggest trading partner, as well, period. i think total goods traded. nina, good to see you. thanks for joining us. angela merkel will be holding a news conference on that coalition about 50 minutes from now. european viewers will get to see the start of that speech. >>> some of the other stories we're following...
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Nov 26, 2013
11/13
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changes the way it treats eu citizens online data. and this is what we -- this is google, microsoft, everybody who does business in europe, that goes to the larger issue of how much more challenging it's going be for u.s. businesses to do business abroad because of the politics of the moment and whether other countries are going to say, you know what? we're alnxious that you're -- because you're a u.s. company that your information is going to be somehow blow over. >> cisco tried to say that and then they asked was it material to your results? oh, no, no. >> i don't think it's material yet, but i think it could be a -- assuming this becomes a bigger and bigger story. >> no, no. >> you saw that they -- unless you have an incompetent spy agency, you're doing it, too. and then if you're not doing it, then you just feel incompetent. >> i think the france, uk, i'm not sure germany and doing it the way you might thing. germany wouldn't be doing it? >> i think there's something countries not doing things as aggressive as we are. >> germany i
changes the way it treats eu citizens online data. and this is what we -- this is google, microsoft, everybody who does business in europe, that goes to the larger issue of how much more challenging it's going be for u.s. businesses to do business abroad because of the politics of the moment and whether other countries are going to say, you know what? we're alnxious that you're -- because you're a u.s. company that your information is going to be somehow blow over. >> cisco tried to say...
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May 6, 2013
05/13
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in eu they have given up that tool altogether. >> it's easier to predict interest rates will go up than to predict which will gain versus another one when that happens. >> i guess the big question is when. when these things will run. today happens to be the three-year anniversary of the flash crash. since that time there have been a lot of things that have shaken investor confidence. libor and the rigging scandals. just look through some of the issues of things they have been talking about at the cme. friday i spoke with charlie munger. look to what he said in terms of who was comparing it to. we don't have the sound bite. but at the time he said this is legalized front running. >> i agree. that's why these exist and spend enormous sums on the speed of transmission faster than the other guy. it is not contributing anything to capitalism. whoever gets the information can run faster than anybody else. >> it raeutsd the question whether average investors can get a fair shake on wall street. i don't know that this is a whole lot different than others. my dad looks at the market of a vegas i
in eu they have given up that tool altogether. >> it's easier to predict interest rates will go up than to predict which will gain versus another one when that happens. >> i guess the big question is when. when these things will run. today happens to be the three-year anniversary of the flash crash. since that time there have been a lot of things that have shaken investor confidence. libor and the rigging scandals. just look through some of the issues of things they have been...
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Nov 12, 2013
11/13
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they are able to trade without tariffs, with the eu, with certainly the u.s. and canada. they have got an agreement with brazil. so, they are really at a crossroads of being able to build vehicles and export them pretty readily you pretty quickly. >> who are the leading exporters of automobile us in this country? nissan leads the way, almost 700,000 vehicles will be built here, 90% of them exported followed by vw hand general motors and why are we here at this opening? because we are going to have a chance to talk with ceo carlos go on "squawk on the street," a little after 10:30. you down the want to miss this interview, talking to him not only about the growth here in mexico but les about some interesting teases for a potential new product similar to google glass that nissan may be be showing at the tokyo auto show. that is on "squawk on the street." >> phil, thank you. i guess a lot of this has to do with the new administration in mexico, too, which seems to be very open to any sort of trade and getting foreign investments to come to the country, too. >> direct foreign
they are able to trade without tariffs, with the eu, with certainly the u.s. and canada. they have got an agreement with brazil. so, they are really at a crossroads of being able to build vehicles and export them pretty readily you pretty quickly. >> who are the leading exporters of automobile us in this country? nissan leads the way, almost 700,000 vehicles will be built here, 90% of them exported followed by vw hand general motors and why are we here at this opening? because we are...
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May 2, 2013
05/13
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and this is more on the back of the pm now saying he wants to put growth at the top of the next eu summit. and there is this thought this if they can get the tax potentially on the politics of austerity in europe, that is going to help out both italy and spain and that's why yields continue to move lower in a low-yield environment. that's where we stand right in and out in europe. back to you guys. >> thank you, ross westgate, we will see you very soon. >>> we're now going to tell but a story royaling wall street and washington. the nyse is investigating stock surges tide to a federal information leak. subpoenas have been issued to firms and individuals w in connection with a leak last no. that case in question deals with a d.c. political intelligence firm which alerted its clients that the government would soon make a decision favoring health insurers who participated in a medicare program. that alert talked to surges carrying several major health concerns. the official government was not made until the next day. joining us to toss about what this means. good morning. >> good morning ins
and this is more on the back of the pm now saying he wants to put growth at the top of the next eu summit. and there is this thought this if they can get the tax potentially on the politics of austerity in europe, that is going to help out both italy and spain and that's why yields continue to move lower in a low-yield environment. that's where we stand right in and out in europe. back to you guys. >> thank you, ross westgate, we will see you very soon. >>> we're now going to...
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Mar 19, 2013
03/13
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it may not matter for the market's immediate reaction, but i think it still matters for the eu going forward. >> i'm surprised. i have to tell you, i'm surprised. yesterday i felt the reaction was fairly muted given what i thought was a very serious development. i think this is almost as unprecedented action. i think -- even know they're talking about trying to change it. i mean, i think the damage has been done and i think the ramifications of this, you know, could end up -- i mean, i'm not sure we can feel confident that we won't see a deposit play in the end. i think time will tell whether or not this is a more serious development than the market certainly even yesterday. >> when you say deposits, are you talking about deposits from cyprus or spain and england. >> that's exactly right. i'm not sure that we can rule that out. this is something that we've got to be watching very carefully. >> i'm in the camp that actually it's not as important. >> and i would just say also, you know, to be a little more cynical is that negative interest rates are just a different -- and inflation ar
it may not matter for the market's immediate reaction, but i think it still matters for the eu going forward. >> i'm surprised. i have to tell you, i'm surprised. yesterday i felt the reaction was fairly muted given what i thought was a very serious development. i think this is almost as unprecedented action. i think -- even know they're talking about trying to change it. i mean, i think the damage has been done and i think the ramifications of this, you know, could end up -- i mean, i'm...
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Nov 24, 2013
11/13
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ALJAZAM
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they wanto ukraine to join a customs union and has threatened to retaliate as it went ahead with the eu deal. >> voters in hon dueras elect a new president today. the wife of the president deposed in a coup in 2009, whoever wins takes charge of one of latin america's weakests economies and highest crime rates. adam rainey is in hon dueras with more on today's voting. >> we have seen a healthy turnout. some say it may be a record turnout. we have been at rallies for the last week or so where there is a lot of energy, a lot of people coming to the rallies saying they are excited. we are talking about people who sometimes are paid to go to rallies, too. it's always really tough to know if this is a popular kind of movement or if these parties are orchestrating these movements for the cameras. people want change this is the most contested election since the coup. a lot of people sat out. they didn't trust the process. there is secretcism. people want to express their votes. they have hope that some say yoon, it will be a better function in democracy. they are concerned that the people count
they wanto ukraine to join a customs union and has threatened to retaliate as it went ahead with the eu deal. >> voters in hon dueras elect a new president today. the wife of the president deposed in a coup in 2009, whoever wins takes charge of one of latin america's weakests economies and highest crime rates. adam rainey is in hon dueras with more on today's voting. >> we have seen a healthy turnout. some say it may be a record turnout. we have been at rallies for the last week or...
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Jul 3, 2013
07/13
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united states, or some of the world's most developed democracy, britain, france, germany, the whole eu, what is your reaction when the first democratically elected president of egypt is overthrown? somebody who you recognize, who you have worked with, whose foreign policy has been by all accounts actually been in lockstep with you. is probably going to lament all of this, we'll see, but there are already reports in israeli newspapers that they may regret the fact he is gone. they say he was very instrumental in keeping up the camp david accord -- this is morsi i'm talking about -- in helping the last gaza war, pa controlling the sinai rather vingantly. what about the money that europe and the united states sends to egypt? obviously there's a lot of wiggle room. each government, each parliament will make those decisions based on how they see fit and what they see the facts are. i think this is a double-edged sword for the west. the egyptians are saying look, we are the people and we have put our voice on the streets, marched with our feet and said no confidence to our president of one y
united states, or some of the world's most developed democracy, britain, france, germany, the whole eu, what is your reaction when the first democratically elected president of egypt is overthrown? somebody who you recognize, who you have worked with, whose foreign policy has been by all accounts actually been in lockstep with you. is probably going to lament all of this, we'll see, but there are already reports in israeli newspapers that they may regret the fact he is gone. they say he was...
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Oct 8, 2013
10/13
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it looks like it has the plan to get state aproflt or eu approval for a state bailout. the ftse is underperforming, mainly because of the retail sector. we had a survey out overnight in the british retail consortium, which wasn't quite as positive as we might have thought. we have had had huge rosters and positive data. maybe suggesting the boost we've seen in consumption recently has been drawn down from savings. and on the back of that negative broker downgrades to the likes of martin & expenser. >> basically underwriting lenders loan from about 75% of the loan to value up 95% for people getting worried the housing market is now getting frothy, as well. as far as debt markets are concerned, you just put treasury yields up there. yields a little higher today. nothing to shout home about. eye at that timan yields, 4.3% is where we stand. you get the sense right now essentially what we've got is something of a buyer's strike rather than anybody else deciding they're going to put any sales into the equity markets. back to you. >> ross, maybe you want to listen because may
it looks like it has the plan to get state aproflt or eu approval for a state bailout. the ftse is underperforming, mainly because of the retail sector. we had a survey out overnight in the british retail consortium, which wasn't quite as positive as we might have thought. we have had had huge rosters and positive data. maybe suggesting the boost we've seen in consumption recently has been drawn down from savings. and on the back of that negative broker downgrades to the likes of martin &...
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Sep 11, 2013
09/13
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KQED
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he said to tell the eu and the americans that we try to take you from the darkness 2000 years ago, and you sent us terrorists to kill us. wounded men were rushed back from the front lines. of the war reality in syria. the outside world is arguing about chemical weapons, but conventional weapons have killed more than 100,000 people on all sides of this war and kill more every day. after we left, syrian army jets were circling targets. armedters of pro-western rebels thought a few days ago that the americans might tilt the war their way by attacking the armed forces of the regime. fact that the worlds most powerful military might not now come after them is very good news for the syrian army and its supporters. jeremy bolan, bbc news. a reminder of just how complicated the war is and how fluid it is, outside syria, russia has now given the u.s. its ideas about placing the syrian chemical weapons under international control, and the draft of a french measure. military strike against the regime being avoided. our editor has the latest. a day ofas been reflection and a week of frantic about
he said to tell the eu and the americans that we try to take you from the darkness 2000 years ago, and you sent us terrorists to kill us. wounded men were rushed back from the front lines. of the war reality in syria. the outside world is arguing about chemical weapons, but conventional weapons have killed more than 100,000 people on all sides of this war and kill more every day. after we left, syrian army jets were circling targets. armedters of pro-western rebels thought a few days ago that...
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May 29, 2013
05/13
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action and if and when, if eu takes action, china takes eu to the wto. but frankly speaking, we are not there yet. at this stage, what happens in europe, as it should, is a debate within the european system whether it's legally, politically, economically a good thing to hit chinese export to europe in solar equipment or in telecoms equipment with extra custom duties, and this debate is ongoing within the european union. as always in the european union, it's happening very much in the public, but at the end of the day, the commission was the one that will take the decision, needs a single majority among the member states. >> indeed. >> so, at the end of the day, if more than half of the 27 members object to such a measure at the end of the procedure, then it will not happen. if the commission wishes to do this because of its own analytical finding, it needs a majority in the council of ministers. >> indeed. let me ask you about this fight because it pits an emerging market economy against developed markets, and this is one of the developments from the eme
action and if and when, if eu takes action, china takes eu to the wto. but frankly speaking, we are not there yet. at this stage, what happens in europe, as it should, is a debate within the european system whether it's legally, politically, economically a good thing to hit chinese export to europe in solar equipment or in telecoms equipment with extra custom duties, and this debate is ongoing within the european union. as always in the european union, it's happening very much in the public,...
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Feb 14, 2013
02/13
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the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a really deep decline. >> meanwhile, did we mention this? greece's economy, unemployment rate sitting 27% as of november. >>> so with those numbers, let's get out to jens nordic. we are just seeing euro/dollar to 1.3340. we hit a little weaker than this, 1.3 25, somewhere around there. where -- and dollar index is at a one-month high. do these gdp numbers matter for the future direction of the euro? because a lot of people are pointed to do pmi and the ifo signaling the worst is behind us. >> i think they actually do matter. i think we're
the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a...
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May 22, 2013
05/13
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. >>> why don't we talk about an eu summit that's also coming up today. it's going to be the topic of taxes. that's going to be a big topic there. ross westgate is standing by in london right now. ross, good morning. >> hey, becky. good morning to you. decliners out-pacing advancers right now through the european session, but you've got to remember where we are because the record close in the u.s. stocks last night and it meant that the ftse also started the day at the best levels we'd seen since 1999. the xetra dax pretty much on its record levels as well. right now down 0.2%, the cac down 0.3%, same for the xetra dax and the ftse mib. the ftse was only about 150 points away from its all-time high, if you want to know where that is in relation to everything else. looking at the sectors for a breaking down on what's going on, you can see sony weighted to the downside. despite that we have some positive up. i'm not sure i would trust this board because it says no sectors in positive territory. i'm not sure that's actually the case. as far as what we have b
. >>> why don't we talk about an eu summit that's also coming up today. it's going to be the topic of taxes. that's going to be a big topic there. ross westgate is standing by in london right now. ross, good morning. >> hey, becky. good morning to you. decliners out-pacing advancers right now through the european session, but you've got to remember where we are because the record close in the u.s. stocks last night and it meant that the ftse also started the day at the best...
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Dec 31, 2013
12/13
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. >>> latvia becomes the 18th eu nation to adopt the euro tonight at midnight, whatever their midnight is. as its currency, the euro will be latvia's fourth different currency in two decades after the russian rubel. you remember, they were former soviet. >> all right. >>> 2013 was a strong year for real estate. mortgage rates stayed low. the housing recovery in full swing. diana olick joins us with her predictions. first of all, let's check the score card to see how she did in 2013. she predicted home prices will continue to rise about 5% to 7%. we will say she got this half right as prices rose, but it was more than 12%. next, she predicted that apartment rents would stay elevated and vacancies low despite the improvement in the housing market. she got that right. and renter nation is in full swing as younger americans can't get the credit or don't have the desire to buy homes. finally, she predicted that as home prices continue to rise, more borrowers will come out from underwater. also as home prices rose. renovations took a big leap in 2013. >> i want to go to equity land. is it ne
. >>> latvia becomes the 18th eu nation to adopt the euro tonight at midnight, whatever their midnight is. as its currency, the euro will be latvia's fourth different currency in two decades after the russian rubel. you remember, they were former soviet. >> all right. >>> 2013 was a strong year for real estate. mortgage rates stayed low. the housing recovery in full swing. diana olick joins us with her predictions. first of all, let's check the score card to see how she...
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642
Dec 23, 2013
12/13
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KICU
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there's going tom i mean, can you tell eus a. so they're not going to let those go any where. but few i'm going to ask you -- >> what is your shoes most so you made some bad decisions last night. make a good one this morning. get two biscuit sandwiches, with your choice of country grilled sausage, egg, and cheese, or bacon, egg, and cheese, both on my new southern style biscuits. you'll save some cash 'cause right now they're two for just three bucks. c'mon cody... let's get some breakfast. you drive. i traded the car for the tattoo. raymond. hey. what's shakin', bacon? where were you last night? i thought we were gonna watch the billy jean king special together on the ess-pan. espn, ma. i know. i'm sorry. i came home, i had the worst headache. i just went right to sleep. oh. i made a very special dinner for you last night. i know, ma. it was just-- this headache. it's like there were two monkeys in there and only one banana.
there's going tom i mean, can you tell eus a. so they're not going to let those go any where. but few i'm going to ask you -- >> what is your shoes most so you made some bad decisions last night. make a good one this morning. get two biscuit sandwiches, with your choice of country grilled sausage, egg, and cheese, or bacon, egg, and cheese, both on my new southern style biscuits. you'll save some cash 'cause right now they're two for just three bucks. c'mon cody... let's get some...
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Nov 6, 2013
11/13
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KCSM
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and talks are underway of a new and much broader eu us trade deal. but as a result of this than we expected shaken up. all this comes as new allegations are level that the uk spy agency in gc hq. a close partner of the nsa over whether or not the brits are still spying on the germans. art is pure oliver has more. the case of another day another case of ally is spying on each other this time it's the third of the british it seems. these allegations and dawkins lead by edward snowden suggest that on the roof of the british embassy here in the wind i was laid on the roof listening post. now if that's the case becomes just a week after the united states that supposedly removed and listening post of their own all the rain from their embassy which is just next door to the british embassy here in the gym and capital now. there is t argumt this cerinly goi to repercussns from this event turns tt true that the british base the sale in peace with cikg be called in to intercept next on the roof of their embassy am. it's only going to be toxic or relations betwe
and talks are underway of a new and much broader eu us trade deal. but as a result of this than we expected shaken up. all this comes as new allegations are level that the uk spy agency in gc hq. a close partner of the nsa over whether or not the brits are still spying on the germans. art is pure oliver has more. the case of another day another case of ally is spying on each other this time it's the third of the british it seems. these allegations and dawkins lead by edward snowden suggest that...
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Jan 24, 2013
01/13
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/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value ad
/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here,...
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May 6, 2013
05/13
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CNBC
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he has outlined his proposal to other eu leader. steve, just looking at the data from istat, the italian agency, 2013 dw dp seen down 1.4% this year and then a year later, seen up by 0.7% while at the same time unemployment is set to head more this year and less. i don't quite get how the two go together. >> i think it's various engineering, getting the balance to budget inside the demands from the eu and the troika overall. the ecb has been in every single press conference saying the next six months will be better. every year, we get stats from the eu commission. but that is the mechanics of the mass. when they do these projections. of course, if you have a negative growth number for 2014, which i think is re, very realistic for italy, then the debt gdp ratio goes up, the tax revenues go down and vice versa. this is reverse engineering a number which will make the data look okay in terms of the projecton for next year. it's not about an actual science and it's never about actually being realistic. and i will add that i think the is
he has outlined his proposal to other eu leader. steve, just looking at the data from istat, the italian agency, 2013 dw dp seen down 1.4% this year and then a year later, seen up by 0.7% while at the same time unemployment is set to head more this year and less. i don't quite get how the two go together. >> i think it's various engineering, getting the balance to budget inside the demands from the eu and the troika overall. the ecb has been in every single press conference saying the...
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Oct 8, 2013
10/13
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WTTG
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please e-mail me at: eu. about february, 2013. a landmark transportation bill is up for consideration. even though it's backed by republican governor mcdonnell... ken cuccinelli joins tea party republicans to block the plan. but terry mcauliffe believes it's time to break through the gridlock in richmond. mcauliffe presses democrats to support the bill. and the bill passes. terry mcauliffe. putting virginia first. "i'm terry mcauliffe, candidate for governor, and i sponsored this ad." pumpkin's back at dunkin'? now you tell me. try the new pumpkin pie donut or any of our other many pumpkin treats today. america runs on dunkin'. about this is fox five news at 10:00. here we go week two government shut down union way with no end in sight. even new talks are scheduled between white house and republicans, some government workers are back on the job. pentagon recalled thousand of employees and hundred of furloughed faa workers will also return to work. democratic strategist and republican strategist are
please e-mail me at: eu. about february, 2013. a landmark transportation bill is up for consideration. even though it's backed by republican governor mcdonnell... ken cuccinelli joins tea party republicans to block the plan. but terry mcauliffe believes it's time to break through the gridlock in richmond. mcauliffe presses democrats to support the bill. and the bill passes. terry mcauliffe. putting virginia first. "i'm terry mcauliffe, candidate for governor,...
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Sep 26, 2013
09/13
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KCSM
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the president of the eu did say all but one of 28 countries will see bigger growth. >> the united states is two and a half years into our own austerity economics as well. this comes a few weeks after president obama has been trying to lobby support for strikes in syria. plurality of americans now disapprove of president obama foreign policy. those disapproval rates have grown. >> you know what is behind the growing disenchantment are the official concerns americans are unhappy with. particularly in iran and syria, where americans don't have a lot of faith these issues will be improved. the crisis with syria has been at a stall. people are questioning whether the approaches are going to be able to help come up with a solution. there are some interesting numbers that only 22% of americans expect any improvement. when it comes to syria we know a huge american -- a huge number of americans disapproved. >> that was updates from new york city. moving on to guantanamo bay, the new york times reports the pentagon has rejected the nearly $200 million renovation project forget my. that included $1
the president of the eu did say all but one of 28 countries will see bigger growth. >> the united states is two and a half years into our own austerity economics as well. this comes a few weeks after president obama has been trying to lobby support for strikes in syria. plurality of americans now disapprove of president obama foreign policy. those disapproval rates have grown. >> you know what is behind the growing disenchantment are the official concerns americans are unhappy with....
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Nov 5, 2013
11/13
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CNBC
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meanwhile, were turn away from the uk to the eu. it's coming up with an awful lot of forecasts at the moment. and i know they're absolutely flooding through. it's almost impossible to bring them up. but there are so many of them it's extraordinary. the eu sees forecasts of economic growth more challenging. gdp there to 0.3% in 2014. the austrian -- if you are sitting right where i am sitting, they're literally flooding through. poland 2015, budget deficit at 3.3% of gdp being dropped wab as well. i think we're kind of interested in what they get. the eu's france missing the economic target. they see french gdp up 2.3% in 2013. up 0.9% in 2014. basically, that means they would miss their economic target and they will fail to meet francois hollande's public finances and unemployment. as far as spain is concerned, which will be the other interesting point, they see government debt in spain rising to 104.3% of gdp by 2015, '1 6/. the spanish budget at 0.9% of gdp in 2014. 6.6% in 2015. as for the unemployment rate, we see spanish unempl
meanwhile, were turn away from the uk to the eu. it's coming up with an awful lot of forecasts at the moment. and i know they're absolutely flooding through. it's almost impossible to bring them up. but there are so many of them it's extraordinary. the eu sees forecasts of economic growth more challenging. gdp there to 0.3% in 2014. the austrian -- if you are sitting right where i am sitting, they're literally flooding through. poland 2015, budget deficit at 3.3% of gdp being dropped wab as...
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Dec 17, 2013
12/13
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BLOOMBERG
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decided to back a trade and political agreements that they did russia -- that favored russia versus the eu. angela merkel has been sworn in for her third term as chancellor . it took her three months to build a grand coalition featuring her rival party. the mega millions jackpot has just sort to 630 $6 million. everybody in this newsroom running out. it is the second largest lotto in u.s. history, closing in on that record 656 million jackpot which was split between three winners last year. the odds of winning are about one in 259 million dollars. to d.c.,o down washington is a step closer to a budget cease-fire. we're bringing an arc chief washington correspondent peter cook. he has all the latest on the wrangling. what is going on? >> the latest is you can pop the champagne cork. the senate following the lead of the representatives today negotiating a partisan deal today. about 67-33. they needed 60 votes to wrap this thing up. 12 republicans joining democrats giving the bill degree like to move towards final passage. that could happen as soon as tomorrow. this is a good cap because it i
decided to back a trade and political agreements that they did russia -- that favored russia versus the eu. angela merkel has been sworn in for her third term as chancellor . it took her three months to build a grand coalition featuring her rival party. the mega millions jackpot has just sort to 630 $6 million. everybody in this newsroom running out. it is the second largest lotto in u.s. history, closing in on that record 656 million jackpot which was split between three winners last year. the...